Overview
What is Florida Institute Of Technology Inc?
Florida Institute of Technology Inc, located in Melbourne, Florida, is a renowned educational institution with a diverse student body. The university, with a total of 2,753 employees, educates 3,496 undergraduate, 1,648 graduate, and 549 doctorate students across its campus and offsite locations. Additionally, 3,623 students pursue their academic journey through online undergraduate and graduate programs. The university offers a wide array of programs, ranging from engineering, science, aeronautics, psychology, liberal arts, business, and aviation fields. Florida Institute of Technology's mission is to prepare students for the global workforce, provide opportunities for higher education, and contribute to their communities. Furthermore, the institution is dedicated to expanding knowledge through fundamental and applied research and catering to the diverse economic, cultural, and societal needs on a local, national, and international scale.
Official website here: www.fit.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Florida Institute of Technology Inc has achieved a high score of 96%, reflecting a strong commitment to accountability and financial management. The organization's overall score is solely derived from its accountability and finance metrics, showcasing its effective governance practices and transparency.
Strengths of the organization include a predominantly independent board, with 95% of its members being independent, contributing to sound decision-making. The financial oversight is robust, with no material diversion of assets reported and compliance with best practices in areas such as conflict of interest and whistleblower policies. Additionally, a significant portion of their expenses is directed towards programs, which indicates a focus on fulfilling their mission.
While the data highlights their strengths, it is essential to note that the score is based on a single beacon score. This may limit the understanding of the organization's overall impact and effectiveness beyond financial metrics, which could be an area for further evaluation by potential donors or stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Florida Institute Of Technology Inc?
88% of 728 reviewers on Facebook recommend the Florida Institute of Technology. Here is a summary of their reviews:
Many individuals appreciate the educational opportunities and skills gained through their programs, noting significant career advancements as a result of their studies. One user highlighted how their master's work at FIT not only equipped them for success in their PhD pursuits but also enabled them to secure their dream job.
Overall, the sentiment towards the Florida Institute of Technology is highly positive, with numerous reviewers acknowledging the solid foundation the institution provides to its students, contributing effectively to their professional achievements.
This AI summary has been generated from reviews found on Facebook.
Is Florida Institute Of Technology Inc legitimate?
Florida Institute Of Technology Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Institute Of Technology Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,965,737
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,697,110
For more financial information, click here
Official website here: www.fit.edu
What is the mission statement of Florida Institute Of Technology Inc?
The Florida Institute of Technology is dedicated to delivering top-tier education to a multicultural student body. This preparation equips students to excel in the global workforce and pursue advanced education opportunities. In addition to education, the university strives to expand knowledge through both fundamental and applied research. The institution aims to address the diverse economic, cultural, and societal demands of various local, state, national, and international communities.
Official website here: www.fit.edu
What is the revenue of Florida Institute Of Technology Inc?
Florida Institute Of Technology Inc's revenue in 2024 was $222,506,045.
Official website here: www.fit.edu
Who are the executives of Florida Institute Of Technology Inc and what are their salaries?
The average compensation at Florida Institute Of Technology Inc during 2024 was $32,126. There are 2791 employees and 34 volunteers at Florida Institute Of Technology Inc.
Here are 34 key members and their salaries:
- Compensation: $581,813
- Related: $0
- Other: $24,591
- Compensation: $360,150
- Related: $0
- Other: $13,661
- Compensation: $339,432
- Related: $0
- Other: $24,437
- Compensation: $299,720
- Related: $0
- Other: $20,089
- Compensation: $296,848
- Related: $0
- Other: $16,104
- Compensation: $281,538
- Related: $0
- Other: $21,736
- Compensation: $230,011
- Related: $0
- Other: $15,517
- Compensation: $223,436
- Related: $0
- Other: $19,120
- Compensation: $222,777
- Related: $0
- Other: $19,121
- Compensation: $218,116
- Related: $0
- Other: $12,447
- Compensation: $202,579
- Related: $0
- Other: $24,599
- Compensation: $206,216
- Related: $0
- Other: $15,544
- Compensation: $188,025
- Related: $0
- Other: $17,316
- Compensation: $178,485
- Related: $0
- Other: $10,800
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fit.edu
Where can I find the form 990 for Florida Institute Of Technology Inc?
Florida Institute Of Technology Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.fit.edu
Learn more at the official website: www.fit.edu
Mission Statement of Florida Institute Of Technology Inc
Florida Institute of Technology, a renowned educational institution, is committed to delivering high-quality education to a multicultural student body. This mission is designed to prepare students for success in the global workforce, as well as pursue advanced educational opportunities. The university goes beyond academic excellence, striving to serve within their communities.
Moreover, Florida Institute of Technology seeks to expand knowledge through both basic and applied research. By doing so, the institution aims to address the diverse economic, cultural, and societal needs of various local, state, national, and international constituencies. The university's primary goal is to provide students with a strong educational foundation, allowing them to make significant contributions in their respective fields and communities.
In summary, Florida Institute of Technology is dedicated to fostering the intellectual growth and development of its students. Through its commitment to high-quality education, research, and community engagement, the institution is preparing the next generation of leaders to make a positive impact on the world.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Florida Institute of Technology significantly impacts education and community development by offering high-quality academic programs to a diverse student population. With a commitment to preparing students for the global workforce, the institute provides instruction across various fields, including engineering, science, aeronautics, psychology, liberal arts, business, and aviation.
The university serves a sizable student body, including 3,496 undergraduates, 1,648 graduates, and 549 doctorate students, while also accommodating 3,623 online students. This expansive reach allows the Florida Institute of Technology to meet the educational needs of individuals seeking higher education opportunities and professional advancement.
In addition to delivering education, the institution actively engages in basic and applied research, contributing to the advancement of knowledge and addressing the diverse economic, cultural, and societal needs of local, national, and international communities. By focusing on these areas, the Florida Institute of Technology plays a vital role in enhancing educational access, fostering innovation, and promoting community service, ultimately shaping the future workforce and society as a whole.
This information is meant to be a general summary of Florida Institute Of Technology Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $5,984,910
- Program Service Revenue: $188,139,312
- Gross Receipts: $369,377,001
Assets and Liabilities:
- Total Assets: $365,997,588
- Total Liabilities: $145,565,436
- Net Assets: $220,432,152
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$146,174,795
HOUSING & FOOD SERVICE
Revenue
$24,703,745
FLIGHT
Revenue
$10,451,851
OTHER
Revenue
$4,924,782
AVIATION
Revenue
$1,757,570
Organization Details
Founding Year
1958
Principal Officer
Dr John Nicklow
Website
www.fit.eduNTEE Category
Code: B430 - Education
If you are a representative of Florida Institute Of Technology Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.